Wednesday, May 13

Nifty gets IPL effect, hits 4th century, How to trade next move

FII
  • FII's sold 26.3 K contract of Index Future worth 649 cores,2 K Long contract were added off by  FII's and 28.3 K  short contracts  were added  by FII's. Net Open Interest increased  by30.4 K contract so today's rise was used by FII's to add   shorts   in Index Future. Can money be made in trading ?
This is what we discussed yesterday analysis 225 degree pyrapoint line @8103 if broken can see move towards 8052/8007.Nifty made low of 8089 and bounced back sharply.Gann Line as shown in below gunner chart @8332 is the laxman rekha from bulls and bears , close above it bulls rule and close below it bears will make marry. Such volatility we are seeing is generally formed near short term bottom and a trending

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